Italian tax authorities have accused Amazon of evading €1.2bn in VAT payments, in the latest effort by European authorities to scrutinise the business affairs of US Big Tech groups in the continent.

If the allegations stand up in court, they could pose a threat to Amazon's business model across Europe, since VAT is a harmonised European tax, the two sources said. The investigation ...

If proven in court, the case potentially could result in Amazon paying up to $3.15bn, including penalties and interest.

A review of transactions from 2019 to 2021 by Italy's financial crime police found "unpaid VAT" by Amazon amounting to 1.2 billion euros, a source at the force told AFP. "If you add to this sum ...

Italian prosecutors are examining whether online giant Amazon.com evaded 1.2 billion euros in value-added tax (VAT) it should have paid on behalf of certain third-party sellers, sources told AFP ...